Acuity Brands (AYI) Beats Q2 Earnings Estimates

Core Viewpoint - Acuity Brands reported quarterly earnings of $3.73 per share, exceeding the Zacks Consensus Estimate of$ 3.66 per share, and showing an increase from $3.38 per share a year ago, indicating a positive earnings surprise of 1.91% [1] Financial Performance - The company posted revenues of$ 1.01 billion for the quarter ended February 2025, which was below the Zacks Consensus Estimate by 1.60%, compared to $905.9 million in the same quarter last year [2] - Over the last four quarters, Acuity Brands has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Acuity Brands shares have declined approximately 8.8% since the beginning of the year, while the S&P 500 has decreased by 3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 4.56 on revenues of $1.16 billion, and for the current fiscal year, it is$ 17.19 on revenues of $4.38 billion [7] - The trend of estimate revisions for Acuity Brands is mixed, which could change following the recent earnings report [6] Industry Context - The Technology Services industry, to which Acuity Brands belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]